securities

The Financial Landscape: BAC Settles, FINRA Flexes

Bank of America will soon finalize an $8.5 billion agreement to settle investor claims that Countrywide sold them lousy mortgage-backed securities before the housing bust. Meanwhile, private regulator FINRA is angling to take over the watchdog role for registered investment advisers.

Trust in Banks Falls Back to Financial Crisis Lows

Americans' overall trust in the nation's financial system has dropped from 26% to 20%, a level that matches the lows recorded during the heart of the financial crisis in late 2008, according to the latest results from the Chicago Booth/Kellogg School Financial Trust Index.

Wall Street Firms' 2010 Profits May Fall 69% From a Year Earlier

Wall Street firms' collective 2010 profits may fall 69% from a year earlier on less activity in the securities industries, more financial regulation, and fewer gains from Federal government bailouts, according to a New York State Comptroller report. Nevertheless, 2010 profits still may be the fourth-highest on record.

Bernanke Defends QE2 Plan to Boost Economy

A day after the the Federal Reserve announced a second round of quantitative easing measures to stimulate the economy, Fed Chairman Ben Bernanke responded to critics of QE2 in a Washington Post op-ed that explained how the bond purchases will work, and why they won't spark inflation.

Why Basel III's New Bank Capital Rules May Be Irrelevant

International bankers are hammering out the Basel III agreement, which will require banks to keep more capital in reserve relative to what they invest. It's a good idea, and one that would cushion the financial system from the next bust -- if the rules weren't being pushed so far into the future.

Will EU Limits on Banker Bonuses Reduce Risk?

Europe's parliament on Wednesday approved world's toughest limits on bankers' bonuses, a move likely to fuel demands for similar curbs in the United States. But are these measures enough to limit excessive risk-taking at too-big-to-fail financial institutions and avert another meltdown?